About the Money! Saving with Solar Energy.

Going with solar energy has many benefits, but one that is key for many people are the financial savings that can come with switching to solar. Here are some of the ways your pocketbook can be affected positively.

From the moment you start using a solar energy system your utility bill will drop drastically. Home and business owners report a drop in their electric bills of 50-90% after switching to solar.

A solar energy system can pay for itself in as little as 8 years. Any electricity produced after that would be virtually free. With an expected lifespan of 25-40 years, there is a lot of financial benefit to be had.

During the summer when electricity use is high the utilities charges a higher rate. It is almost 300% higher. Solar energy systems are especially useful at this time, because in Bakersfield has a very high number of sunny days to produce solar power from, dramatically reducing electricity bills during this time.

Tax Incentives! Currently there is a federal tax credit of 30% of the total solar power system price with no limit on the size of the credit. This credit is due to expire on December 31, 2016.

Another savings you will see is when your home produces more power that it needs. The excess electricity goes out to the power grid and you are credited for the power you put in, thus lowering you bill. Your meter actually runs backwards!

This may not be a savings, but it is definitely a money generator. Installing a solar power system on your home will increase its value. It also increases the rate at which your home appreciates. In California, homes with solar appreciated 55% and 45% with without solar. Also, homes with solar typically sell twice as fast.

These are just some of the ways you could be saving with solar energy!